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LOS ANGELES COUNTY NEWS
Archive
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• Cohen Financial Arranges $52 Mil Refi of Torrance Retail Center
11/15/12
Don C. Trossman and Ryan Porter of Cohen Financial have a $52 mil refi of Rolling Hills Plaza, a 350k sf lifestyle retail center in Torrance. The property, located at Crenshaw Blvd and Pacific Coast Highway, also contains 58k...
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• Sun Valley to See More FlashyBlinkyLights
11/14/12
A 55.4k sf facility in the northeastern San Fernando Valley community of Sun Valley was purchased by FlashingBlinkyLights.com for $4.1 mil ($74/sf). The property is located at 10800-10810 Cantara St, south of Roscoe Blvd and ...
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• Buyer of Torrance Medical Office Building to Occupy Portion of Property
11/13/12
A 19.7k sf medical office building in Torrance sold for $4.05 mil, or about $206/sf. The property is located at 3661-3663 Torrance Blvd, between Hawthorne Blvd and Madrona Ave. It was purchased through a bankruptcy sale by a ...
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• Avison Young Opens Fourth LA Office
11/13/12
Avison Young has opened a newly-formed office in downtown Los Angeles, the Canadian-based real estate services firm’s fourth office in the LA area. The move is the latest step in the firm’s aggressive growth and expansion str...
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• PureTek Leases 77k sf San Fernando Facility
11/12/12
In a sizable industrial lease comp from the northern San Fernando Valley, PureTek Corporation inked a deal for a 77k sf facility in the city of San Fernando. The property, located at 1050 Arroyo St, just west of the confluenc...
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• Hudson Pacific Properties Reaches New Pinnacle in $342 Mil Tri-Cities Office Buy Venture
11/09/12
Hudson Pacific Properties Inc and M. David Paul & Associates/Worthe Real Estate Group (“MDP/Worthe”) have teamed up in a big Tri-Cities office buy, acquiring The Pinnacle, a 625.6k sf, Class A property located in the heart of...
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• Torrance Multifamily Property Acquired for $7.4 Mil
11/08/12
Las Casitas Apartments, a 44-unit multifamily property in Torrance, sold for $7.4 mil, or $168k/unit. Located at 20810 Amie Ave, the property is a three-story apartment building with a unit mix of 26 one-bedroom/one-bath unit...
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• Activision Takes 47k sf of Woodland Hills Office Space
11/08/12
Activision inked a lease for 46.7k sf of office space at LNR Warner Center IV, a two-building, 509.9k sf Class A office complex located at 21215 and 21255 Burbank Blvd in Woodland Hills. Activision is relocating from Encino. ...
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• Four Recent Signings Bring Lakewood Retail Center to 98% Leased
11/07/12
Four recent tenant signings at the Carwood Center in Lakewood total to roughly 9.1k sf and bring the retail center to 98% leased. The leases have a combined value of over $1 mil. The 107k sf, Vons-anchored center is located a...
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• Archway Properties Buys Santa Monica Creative Office Property
11/06/12
Archway Properties purchased a 19k sf creative office building located in the heart of Santa Monica for an undisclosed amount. The property, located at 820 Broadway, north of I-10 and east of Lincoln Blvd, was built in 2004. ...
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• SoCal Sales Comp Review
11/05/12
In this report, we’ll cover a trio of recent SoCal sales, in Montebello, Monterey Park and Ventura. Two of the sales were for industrial properties while the third was for a 12.5k sf office property. The transactions ranged f...
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•  Work Gets Underway on New $74 Mil LA County Metro Operations Facility
11/02/12
The Los Angeles County Metropolitan Transportation Authority (Metro) has begun work on a new $73.5 mil Metro Division 13 Bus Maintenance and Operations Facility. Designed to optimize the agency’s bus transit service throughou...
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• $15.75 Mil Dev Site Sale Will Bring Touch of Holland to Glendale
11/02/12
Holland Partners acquired a 1.38-acre development site in downtown Glendale for $15.75 mil, or about $260/sf. The company intends to develop a mixed-use project consisting of 235 res units along with 12k sf of ground-floor re...
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• Expansion Deal Brings Torrance Facility to Fully Leased
11/02/12
Prologis Topside Distribution Center, a 107k sf industrial property in the city of Torrance, is now fully occupied following a recent expansion lease by Alpine Electronics of America, an existing tenant at the facility. Terms...
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• Century West Partners Pays $590/sf for Santa Monica Retail Building
11/02/12
A 22k sf retail building in Santa Monica currently occupied by Joann’s Fabrics and Crafts sold for $13 mil ($591/sf). The building, situated on a 36.5k sf site at 1637 Lincoln Blvd, between Broadway Ave and Olympic Blvd, was ...
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• West LA Multifamily Asset Sells for $12.5 Mil
10/31/12
In a notable multifamily buy from LA’s Westside, a private investor paid $12.5 mil for Culver Vista Apartments, a 65-unit ($192.3k/unit) property located at 11730 to 11846 Culver Blvd, south of Washington Blvd and west of the...
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• As LA’s Economy Improves, Retail Should Follow
10/31/12
Los Angeles employers added more positions in the second quarter than during any other three-month period over the last decade — an indication that the county’s economic recovery could be gaining traction, which will support ...
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• San Diego Investor Pays $300/sf for Redondo Beach Retail Property
10/31/12
King Harbor Plaza, a 13.1k sf retail strip center located within an Albertsons-anchored shopping center in Redondo Beach, recently traded hands at a price of $3.91 mil, or $299/sf. The property, acquired by a San Diego-based ...
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• Pearlmark Real Estate Partners and Pacific Equity Properties Refi Tarzana Retail Center
10/30/12
Pearlmark Real Estate Partners and Pacific Equity Properties have obtained a $34.8 mil first mortgage refi loan on Village Walk, a 146k sf retail center in Tarzana. The new loan was originated by Ronnie Gul of Mesa West Capit...
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• West LA Building Sells for a Good Reason
10/30/12
Reason Foundation purchased a 6.1k sf building in West Los Angeles for $2.4 mil, or about $393/sf. Reason, a non-profit organization, will expand its operations and establish an independent headquarters at the building, locat...
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